Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
Refer to the below tables
Refer to the below tables. has the absolute advantage in producing kiwis, while has the absolute advantage in producing potatoes. Production Possibilities: Country A and Country B In a given month the maximum amounts of only kiwis and only potatoes that the two countries can make are: Kiwis Potatoes Country A 24 24 Country B 18 9 Opportunity Costs: Country A and Country B To make Country A gives up: Gountry B gives up 1 kilo of Kiwis 1 kilo of potatoes 2 kilos of potatoes 1 Potato 1 kilo of kiwis 1/2 kilo of kiwis Country A Country A Country A Country B Country B. Country A Country B. Country B
Expert Solution
Country A , Country A
( Absolute advantage indicates the ability of a country to produce larger quantity of good than another country. Country A is able to produce 24 units of kiwis and 24 units of potatoes. Country B is able to produce 9 units of kiwis and 18 units of potatoes. So County A had absolute advantage in the production of both.)
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
